Orange County NC Website
20 <br /> liability or obligations to the other hereunder. During the Inspection Period, the County shall be permitted to <br /> continue to occupy the Premises, provided that(i)the County fully vacates the Premises by the expiration of <br /> the Inspection Period, and (ii) the County does not unreasonably interfere with the performance of Tenant's <br /> inspections. <br /> 24. Intentionally Omitted <br /> 25. INFORMATION CONCERNING TENANT. Tenant shall furnish within fifteen (15) days after request <br /> from Landlord such current information concerning the financial condition of Tenant as Landlord may <br /> reasonably require. Such financial information shall include (but is not necessarily limited to) a financial <br /> statement dated not more than twelve(12) months prior to Landlord's request. Such financial statement shall <br /> be prepared in accordance with generally accepted accounting principles and, if such request is following the <br /> applicable year-end of Tenant's fiscal year, may be certified by a certified public accountant. A general <br /> partner or officer or manager of Tenant shall furnish a certification to Landlord to the effect that there either <br /> has or has not been any material adverse change in the financial condition of Tenant since the date of the <br /> financial statement submitted, and if such certification states that there has been a material adverse change, <br /> furnishing such details concerning same as landlord may request. If Tenant does not execute and return <br /> such certificate as required above, Tenant hereby irrevocably appoints Landlord as its attorney in fact to <br /> execute such certificate on behalf of Tenant. <br /> 26. AUTHORITY OF TENANT. Tenant represents and warrants to Landlord that (i) Tenant is duly <br /> formed, validly existing and in good standing under the laws of its State of Incorporation or Organization and <br /> (ii) the persons executing this Lease on behalf of Tenant are authorized to do so. Tenant shall furnish to <br /> Landlord within fifteen (15) days after request from Landlord such corporate or company resolutions, <br /> certificates of incumbency, partnership resolutions, partnership agreements, operating agreements, bylaws or <br /> legal opinions or other information as Landlord may reasonably request in order to confirm that the execution <br /> and delivery of this Lease has been duly authorized by Tenant and that the person(s)executing this Lease on <br /> behalf of Tenant were duly authorized to do so. All such company, corporate, or partnership resolutions, <br /> certificates or agreements shall be certified as being duly adopted and in full force and effect, without <br /> amendment, by an appropriate officer, manager or partner of Tenant. <br /> 27. ESTOPPEL. Within ten (10)days after request therefore by Landlord, Tenant agrees to execute and <br /> deliver to Landlord a certificate prepared by Landlord to any proposed mortgagee, ground lessee or <br /> purchaser of the Property or to Landlord certifying (if such is the case) that this Lease is in full force and <br /> effect,that there are no defenses or offsets thereto, or stating those claimed by Tenant, and such other facts <br /> related to this Lease, the Leased Premises or Tenant as Landlord may request. If Tenant does not execute <br /> and return such certificate as required above, Tenant hereby irrevocably appoints Landlord as its attorney in <br /> fact to execute such certificate on behalf of Tenant. <br /> 28. RIGHT TO RELOCATE. This Lease is exclusive to the Property. Should the Property become <br /> untenantable the Tenant shall have no right to relocate to other property owned by the Landlord, nor shall <br /> Landlord have any obligation or responsibility to assist Tenant to relocate. Tenant's rights in any event in <br /> which the Rented Space becomes untenantable are limited to those rights established herein. <br /> 29. LANDLORD'S ACCESS TO RENTED SPACE. The Landlord or Landlord's agent shall have the right <br /> to periodically enter upon the Rented Space and the Property to inspect them by providing Tenant with at <br /> least 48 hours prior notice and the opportunity for Tenant to have a representative accompany Landlord and <br /> its agents. Such inspection shall occur during regular business hours and the Tenant shall be personally <br /> present to open and permit an entry into the Rented Space and Property. In the event of an emergency the <br /> Landlord or Landlord's agents may enter the same by a master key, or may forcibly enter the same, without <br /> prior notice and without rendering the Landlord or such agents liable therefore (if during such entry Landlord <br /> or Landlord's agents shall accord reasonable care to Tenant's property) and without in any manner affecting <br /> the obligations and covenants of this Lease. Nothing herein contained, however, shall be deemed or <br /> construed to impose upon the Landlord any obligations, responsibility or liability whatsoever, for the care, <br /> supervision or repair of the Building or any part thereof, other than as provided in this Lease. The Landlord <br /> shall have the right to show the Rented Space and Property to prospective new tenants during the last 120 <br /> days of the Term. The Landlord shall not be liable to the Tenant for any expense, injury, loss or damage <br /> resulting from work done in or upon, or the use of, any adjacent or nearby building, land, street or alley. <br /> 30. MANAGING AGENT. Landlord reserves the right to designate a Managing Agent and to delegate any <br /> or all of Landlord's powers, duties, obligations, or rights under this Lease to the Managing Agent. To the <br /> extent Landlord's duties or obligations under this Lease are assumed in writing by the Managing Agent, <br /> Landlord shall not be responsible for the assumed duties or obligations. Tenant's rights and obligations <br /> under this Lease shall not be affected by designation of a Managing Agent by the Landlord. <br /> 31. SUBORDINATION. This Lease is subject and subordinate to all security liens, mortgages, deeds of <br /> trust and related financing instruments which may now or hereafter affect the Property or any part thereof, <br /> and to all renewals, modifications,consolidations, replacements, amendments and extensions thereof, unless <br /> Landlord or any lender secured by a mortgage, deed of trust or similar security instrument elects to make this <br /> Lease superior to same,which it may do at its option. Tenant shall execute within ten (10) days after request <br /> Lan lord Tenant <br /> Initials Initials <br />